And just like that, within a matter of days, the jury has reached a verdict in Apple vs. Samsung. The basic gist is simple: Apple's software patents are valid, and many Samsung devices infringe upon them. Apple's iPhone 3G trade dress is valid, and Samsung's Galaxy S line infringes, but other devices did not. Samsung did not infringe Apple's iPad design patent. Apple did not infringe any of Samsung's patents. Apple is awarded a little over $1 billion in damages. Competition lost today, and developers in the United States should really start to get worried - software patents got validated big time today.

1) Apple earns almost 60% of it's IPhone revenue from international sales.

2) International iPhone sales are the growth driver, while NA sales are slowing as the market saturates.

3) Apple's primary lawsuits are all in US. Software patents and trade dress patents are much weaker outside the US and so - other that the circus in Germany - really have no tangible impact on international sales.